composition scheem

257 views 8 replies
User Avatar

50 Points Joined July 2017
I am registered under vat sale all vat free item .under the gst all items under the gst tax.if I option composition scheem in gst can I pay any tax on my stock I hold on 30 june
0 Reply Share Follow
On 13 July 2017 at 17:04 Report
Replies (8)
User Avatar

Consultant
204 Points Joined March 2013

Upon sale Gst to be paid at rate applicable to your product.

Reply
On 13 July 2017 at 17:21
User Avatar

50 Points Joined July 2017
I have 500000 closing stock of saree .gst rate is 5% .so I pay 25000 for composition scheem and another 1 % on sale.
Reply
On 13 July 2017 at 18:01
User Avatar

50 Points Joined July 2017
I have 500000 closing stock of saree .gst rate is 5% .so I pay 25000 for composition scheem and another 1 % on sale.
Reply
On 13 July 2017 at 18:01
User Avatar

"Do the Right Thing...!!!"
128147 Points Joined January 2015

Yes... Mr. Sanjay.,

You can opt composition then you ll be pay your Transaction based Tax to Govt for every Quarter

Reply
On 13 July 2017 at 18:13
User Avatar

50 Points Joined July 2017
One time on opning stock or quarterly
Reply
On 13 July 2017 at 18:19
User Avatar

"Do the Right Thing...!!!"
128147 Points Joined January 2015

Don't be Wrongly mentioned. You can't pay your opening stock.

You can pay you selling goods only. It's every 3months you ll be pay as per your quarterly Turn over.....

Reply
On 13 July 2017 at 18:36
User Avatar

50 Points Joined July 2017
So it's clear I go with composition scheem and no pay on my opening stock pay only composition levy 1% on my quarterly sale.
Reply
On 13 July 2017 at 19:10
User Avatar

"Do the Right Thing...!!!"
128147 Points Joined January 2015

yes... you can.....

Reply
On 13 July 2017 at 19:19


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post